Several sources of US GAAP consulted by an auditor are in conflict as to the application of an accounting principle. Which of the following should the auditor consider the most authoritative?
a. FASB Accounting Standards Codification
b. International Financial Reporting Standards (IFRS)
c. FASB Statements of Financial Accounting Concepts
d. AICPA Issues Papers
Ans: a. FASB Accounting Standards Codification
Business
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Nominal accounts are also called
a. temporary accounts. b. permanent accounts. c. real accounts. d. none of these.
Business
When estimating a population parameter by using a sample statistic, the ________ is the desired size of the estimating interval
A) confidence interval B) precision level C) random sampling error D) standard deviation E) mode
Business